Gebühren für das Derivat-Trading für EWR-Kunden

See Fee Schedule.

Volume traded is used to identify the fee bracket applied. If Kraken Fee Credits are available inside your Futures wallet, they will be used as the preferred trading fee currency.

Trading fees for Derivatives are charged in USD. If USD is unavailable, then the non-USD funds will be converted using the collateral with the lowest haircut first. Conversion fees apply.

Conversion fees start at 0.05% for the majority of cash assets and stablecoins, and 0.5% for all other collateral assets. USDC and USDT have 0% conversion fees.

Cash conversion fees apply to collateral and positions in the Futures wallet.

As this wallet allows for multiple assets to be used as collateral, margined in real-time in USD terms, there is a need to constantly assess the USD value of all currencies held in the wallet to determine portfolio value, position values and liquidation levels.

All profit and loss in the Futures wallet are calculated in USD. In the scenarios outlined below, if the wallet does not hold enough USD as collateral, then non-USD will be converted in ascending order of haircut i.e. the collateral with the lowest haircut will be converted first to cover the Loss and/or charges.

We use index prices to value any crypto or fiat balance.

Funds will be converted and charged a conversion fee in the following scenarios:

Automatic conversions: If the total unrealised loss not covered by USD, or whitelisted assets* (EUR, GBP, CHF) exceeds $5,000,000, there will be an automatic conversion of non-whitelisted assets into USD. This conversion will reduce the uncovered loss in USD-equivalent value to $500,000, while the position remains untouched. The value of the whitelisted assets will be included in the calculation of uncovered loss to determine whether the threshold is exceeded. * Please note that the list of whitelisted assets may be amended at our sole discretion without prior notification.

Non-USD backed losses will incur a charge at a rate starting at 0.0025% per hour and increasing progressively as the uncovered loss increases.

Charges can be avoided by ensuring the account is sufficiently collateralised with USD, USDC, USDG, and/or USDT.

Effective 26th of February, 2026

The funding rate is calculated and charged continuously on perpetual contracts only – it is not a fee charged by the exchange. More information, including examples and calculations, can be found in the Linear Perpetual Contract Specifications. The funding rate is realized in USD and charged continuously as unrealized profit/loss. Every 1 hour this is realized and if a non-USD profit currency preference is selected and a payment is made to the account, then the funding rate payment will be realized in that currency. For funding rate payouts uncovered by USD, the non-USD funds will be converted using the collateral with the lowest haircut first. Conversion fees apply.

A liquidation fee is incurred if your Futures position is auto-liquidated due to insufficient margin. The liquidation fee will be equal to half of the minimum MM% (maintenance margin %) for the contract.

For example, since the minimum MM% for the BTC Perp contract is 5% the liquidation fee would be equivalent to: (5% * 0.5) = 2.5%. The liquidation fee is capped at a maximum of 12.5%.

The liquidation fee is charged in USD. If your USD balance is insufficient to cover the liquidation fee, non-USD collateral will be converted to USD, starting with the collateral that has the lowest haircut. Conversion fees apply.

Starting on 26th of March, 2026, the liquidation fee will be incurred if your Multi-M position is partially or fully liquidated due to insufficient margin. The liquidation fee will be calculated as:

Liquidation Fee = max[(Position Maintenance Margin %) × (Commission to Maintenance Margin Ratio), Minimum Commission %]

This means the liquidation fee will be the greater of:

• The Position Maintenance Margin percentage multiplied by the applicable Commission to Maintenance Margin Ratio; or

• The applicable Minimum Commission percentage.

For Multi-Collateral contracts, fees are charged in USD.

If USD is unavailable in a trader’s account for fees, PnL, or funding payout, then available non-USD funds will be converted for a fee by prioritising converting assets by ascending order of collateral ‘haircut’.

e.g. if a Trader has EUR as collateral, fees will be taken out from its EUR balance.

Multi-Collateral contracts are subject to conversion fees and in some cases, interest on losses uncovered by USD collateral. For more info on Multi-Collateral fees, see Fees & Charges for Multi-Collateral Derivatives.

If you submit an order that crosses the order book and is immediately matched, you pay the taker fee. If you submit an order that first sits in the order book before it is matched, you pay the maker fee.

On the legacy futures.kraken.com platform, you can look up the fees you have paid by navigating to the "Logs" tab in the left panel of the trading platform. On the Kraken Pro platform, you can look up the fees you have paid on Derivatives by navigating to the "History" tab at the top panel of the trading platform and then clicking on ‘Derivatives ledger’.

Conversions of non-USD collateral on multi-collateral Derivatives will incur conversion fees. Unrealised losses uncovered by USD or equivalent stablecoins are charged hourly.. Additionally, we charge a liquidation fee for both partial and full liquidations. See Fees for Multi-Collateral Derivatives for more detail.

The volume discounts for Kraken spot markets will not carry over to Kraken Derivatives or vice versa.

You can transfer Kraken Fee Credits (FEE) to your Multi-Collateral (MC) Derivatives wallet. When you have a FEE balance inside your MC wallet it will be used as the preferred trading fee currency. It is worth highlighting that FEE will only be applied on trading fees and not other Multi-Collateral fees such as (Conversion Fees, Funding Payouts, Liquidation Fees, Interest Fees).